Co -founder of Costco Jim Cinegal The company still visits the company, Washington, the plant every Tuesday, just because it enjoys it.
“Nobody holds a gun in my head,” Sinegal said during a 2016 speech at Loyola University Merimount, emphasizing his voluntary commitment to the company that helped build.
Sinegal can withdraw as CEO in 2012, but it is far from over. And he is not alone. The increasing number of older Americans rethink retirement by mixing the passion with the goals that have passed traditional working years.
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In an interview with The Wall Street Journal last month, Sinegal said his aspiration came from his early mentor, Salt priceThe retail visionary behind Fedmart. Sinegal began to keep food at 18 and continued to co -found Costco with Jeff Brotman In 1983, more than 40 years later, he still walked the paths – and loves him.
“I think to be successful, you have to be quite focused,” he said. His personal rule as a thumb? “Worry about your living, health and family. Everything else is a bonus.”
Costco maintains inertia. For its Q2 2025, which ended on February 16, the company reported $ 62.53 billion, a 6% increase compared to the same period last year.
Cfo Gary Millerchip He said that when a profit call, the rate of renewal of US and Canada is 93%, with a global course of 90.5%. He pointed out significant growth of digital initiatives, noting that e -commerce sales are observed two -digit increases in categories such as home furnishings and sports goods.
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Costco is not the only place where the elderly go into. According to the US Bureau of Labor Statistics, the percentage of employment for Americans aged 65 and more years reached 19% in April. Among these 75 years and more, it is now over 8%, the highest registered.
This trend is not only economic. Retirees are more likely to show signs of depression than those who continue to work, even on part-time, according to a long-term study cited by The Times of London.